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I've thought about doing dietbets, there are several contests out there, but the one I'm familiar with is bet 'x' dollars to lose 4 % of your weight and you split winnings with all the others who achieved. I've heard the safeguards against cheaters are pretty good too.

So I just googled it and while it seems like a good idea, I can see where it has its pros and cons. Some people put a lot of money on the line and will stop at nothing to make sure they win it back plus more. I wouldn't do it but if you want to, more power to you :)

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